Currys (LON:CURY) Hits New 12-Month High After Analyst Upgrade

Currys plc (LON:CURY - Get Free Report) shares hit a new 52-week high during trading on Friday after Berenberg Bank raised their price target on the stock from GBX 125 to GBX 175. Berenberg Bank currently has a buy rating on the stock. Currys traded as high as GBX 120.70 ($1.54) and last traded at GBX 98.31 ($1.25), with a volume of 14405310 shares traded. The stock had previously closed at GBX 88.95 ($1.13).

Separately, Shore Capital reiterated a "not rated" rating on shares of Currys in a research report on Thursday, January 16th.

Insider Transactions at Currys

In other news, insider Octavia Morley purchased 35,000 shares of the stock in a transaction dated Tuesday, January 28th. The shares were bought at an average cost of GBX 90 ($1.15) per share, for a total transaction of £31,500 ($40,096.74). Company insiders own 10.33% of the company's stock.

Currys Trading Up 1.2 %

The firm has a market capitalization of £1.04 billion, a price-to-earnings ratio of 5.27 and a beta of 1.31. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. The firm's 50 day moving average is GBX 92.60 and its 200 day moving average is GBX 88.42.

Currys Company Profile

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through over 800 stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us. In the UK & Ireland we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece.